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especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me ho
especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this...
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Dec 6, 2012
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why the fiscal cliff has him mining, panning and digging harder than ever. todd hoffman, "gold rush." jim, can you grow that beard? >> i love that show. i can grow the hair that he has. >> let's do it. we're back after this. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at over 17,500 chase atms all for one flat fee of $4.95 per month. get rid of prepaid problems. get chase liquid. >>> why can't you be a made in america company? >> you
why the fiscal cliff has him mining, panning and digging harder than ever. todd hoffman, "gold rush." jim, can you grow that beard? >> i love that show. i can grow the hair that he has. >> let's do it. we're back after this. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when...
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Dec 5, 2012
12/12
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both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use weapons against its people. >> a natural gas tanker arrive
both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away....
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Dec 4, 2012
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the fiscal cliff could be a big deal. i'm going to put it in an amusing way, it is the need to get out of your mother in law's house. pretty intuitive concept when you think about it. we have a break here. because the market is so darn tough. and that could be your chance for the analysts. here is the bottom line. we need hope to be van switkwis. he so that it is so negative. have them leave the room. and we can return to the growth themes and they are autos and homes. by them on the way down and never on the way down as the scared sellers buy them out. you can take your time. who the heck knows when and from what level you can get back in. why don't we go to tom in new york. >> big lots and slower same store sales and make it a buy. it had it's gob and i don't want you to come in now. i think that big lots is not a great operator. the market needs to free itself from the notion that there will be a deal. that is what needs to happen. take your time. this hope is still not dashed enough to make this market immune from mor
the fiscal cliff could be a big deal. i'm going to put it in an amusing way, it is the need to get out of your mother in law's house. pretty intuitive concept when you think about it. we have a break here. because the market is so darn tough. and that could be your chance for the analysts. here is the bottom line. we need hope to be van switkwis. he so that it is so negative. have them leave the room. and we can return to the growth themes and they are autos and homes. by them on the way down...
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Nov 29, 2012
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ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting reces
ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market...
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Dec 1, 2012
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the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two a
the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >>...
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Nov 29, 2012
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we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on the website, you get unlimited amount of space. just go on. >> tell me editor. >> i know. >> thanks, guys. see you soon. let's get over to jackie deangelis with a quick market flash. >> hey, there. watching shares of super value tanking on a headline that talks have stalled. reportedly struggling to get financing for a s
we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy...
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Dec 3, 2012
12/12
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more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken to our national defense budgets. >> let's go straight to the front lines of the issue. task specializes in systems, engineering and integrate. president and ceo david langstaff is with us, among the defense contractors speaking out today in washington. he joins me now on the telephone. sir, good to have on you the program. thanks for joining us. >> thank you. glad to be with you. >> what's the potential fallout for task if we go over the fiscal cliff. how would you navigate this? >> first, it's just terrible policy to go over the
more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken...
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Nov 29, 2012
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if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this mountain gear. you'll want the ice ax. man, we got to use this. this will no longer just be a key chain because if we're cl m climbing out of the cliff you need to be the first there and with the best stocks. i envision all segments of the market getting pummeled but the ones that come back first are the ones that sold down first. so the best could be the worst. to me that means i want to climb out of the cliff using a stock like home depot. i'm going to climb out there to get this, yeah, home depot. that's one i'm going to get! because -- sorry about that. because it's up 54% for the year. the most v
if you're a ceo, you saw the recession going over the fiscal cliff caused you don't want to be hiring. you might have to be firing in january. if we miss the deadline the market will get pounded every thursday as the claims spike because of mandated layoffs particularly in a military industrial complex. people will lose that right in 2013. and thousands of other companies are slimming down because, hey, we failed to rise above. when that happens, believe me, you'll want every bit of this...
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Dec 5, 2012
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could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts
could be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth...
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Dec 7, 2012
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what should we do with private bancorp before the fiscal cliff? i think the positives are clearly baked into the stock right here. this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take our first tweet from @nfalex who says what's your take on -- it's the old part of kraft. the stock price has been trading down sinced the old spinoff. it drives me crazy when stephanie link and i buy for the charitable trust. the charitable trust follows stocks. you can follow along with actionalertsplus.com. and they don't immediately pop. this is the p.m. of philip morris when altria split. it's the fast-growing snacks business overseas, it's going to be great. now here's the problem. it acts terribly. so wa you can say is therefore it's bad or you can do th
what should we do with private bancorp before the fiscal cliff? i think the positives are clearly baked into the stock right here. this bank could do really well in an environment of rising interest rates, but the fed has made it very clear that rates will stay low until at least 2015. so you know what? let's take a pass on that one. let's do some tweets. thank you, viewers, for making it so that i have more than 600,000 followers. thank you very much. happened just the other day. let's take...
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we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and dividend taxes going much higher. what will that do to the investor class, to the entrepreneurialism that we're seeing
we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it...
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Dec 4, 2012
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and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by saying you're not cutting spending, you're not coming to us on entitlements, but it's falling flat. no one's really listening and the white house has controlled the debate that it's all about the upper 2%. the first thing in texas you do is shrink the size of government, wouldn't you? >> well, we did that. we faced a substantial budget shortfall. we have a constitutional amendment that requires us to have a balanced budget, which frankly america needs that. >> i don't know what would happen. >> most states have that. >> the states that are -- i
and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama...
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Dec 6, 2012
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fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month. you would think investors saying their concerns would be running for the hills or at least buying portfolio protection to protect themselves against potential disaster. we see the vix very low. they're not taking the type of defensive, decisive action. if we get a downgrade and if this happens, it will be terrible for the market. that's what's potentially on the market, if we don't make a deal in washington. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahea
fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month. you would think investors saying their concerns would be...
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Nov 29, 2012
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are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on local, helping businesses retain customers an drive frequency in their local markets can really help drive through any potential impact of a fiscal cliff. >> jeff, what are you hearing in the valley about the fiscal cliff, how concerned are the other people that you talk to, the inknow vnovators out there, are millionaires, billionaires and many of whom are trying to start new businesses in the valley. >> you know, the perception is more about -- the talk is more about the potential impact on business and allowing -- not taking action to address this issue and letting it expire is bad for business. every
are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on...
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Dec 6, 2012
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a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington all because of the need to sock it to the 2% not the 1.5% and the over 400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to grover norquist. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financial disaster, they know nothing. shawn in illinois. shawn? >> caller: hello, jim. >> what's up, chief? >> caller: from chicago land. >> done. speak to me. >> caller: -- for some time now, and i just heard a report that their sales revenue from call of duty black ops 2 has topped $1 billion in 15 days. and for the entire "call of duty"
a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington all because of the need to sock it to the 2% not the 1.5% and the over 400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to grover norquist. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear...
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Nov 30, 2012
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here to explain it is fiscal cliff huxtable. >> the fiscal cliff is a conundrum that the u.s. government will face at the end of 2012. the pudding in the -- [ cheers and applause ] >> jimmy: i still don't -- i still don't know. guys, we've got a big show. we have "twilight" star robert pattinson on the show tonight. [ cheers and applause ] calm down, ladies, or i will show that picture of karl rove one more time. [ laughter ] i'm threatening. everybody's really excited that robert pattinson is here. in fact, backstage, i asked him to sign a "twilight" poster for my niece. and her name is jimmy. [ laughter ] isn't that weird? [ applause ] and, finally, google just launched a new service called free zone that will help millions of people in developing countries get internet access. not to be confused with that other internet free zone -- when your neighbor forgets to put his password on his wi-fi. we have a great show tonight. give it up for the roots, everybody! [ cheers and applause ] ♪ [ cheers and applause ] >> jimmy: we have a fun show tonight. like i said, he is a great
here to explain it is fiscal cliff huxtable. >> the fiscal cliff is a conundrum that the u.s. government will face at the end of 2012. the pudding in the -- [ cheers and applause ] >> jimmy: i still don't -- i still don't know. guys, we've got a big show. we have "twilight" star robert pattinson on the show tonight. [ cheers and applause ] calm down, ladies, or i will show that picture of karl rove one more time. [ laughter ] i'm threatening. everybody's really excited...
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Dec 4, 2012
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the fiscal cliff. two former governors will offer their perspective. plus, more on what bank of america's brian moynihan told becky this morning. more "squawk on the street" in just a moment. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your
the fiscal cliff. two former governors will offer their perspective. plus, more on what bank of america's brian moynihan told becky this morning. more "squawk on the street" in just a moment. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your...
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Dec 2, 2012
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i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will somehow get us a better compromise is absolutely silly. some of these guys have been voted out by the american public. maybe we should wait until the new people who have been through this before and just through the campaign, when they come in and change, i just have a hard time believing this congress, the one that got us into the mess we are dealing with, will somehow field a way to get out of it. >> i understand what you're saying about waiting for the new people to come in, but many of the new people coming in and many of the old people still there are not economists, they are not experts on the economy. they are not experts on the fiscal cliff. if you speak to those who know, they will tell you it is a bad thing to go over that cliff. and still you're saying maybe
i'm not sure that this fiscal cliff really is a fiscal cliff. i think that it changes the baseline. republicans get better negotiating position on the other side when they are not scared to death of their own shadow and fearful of not looking reasonable. to think that the same joker who is got us this compromise will somehow get us a better compromise is absolutely silly. some of these guys have been voted out by the american public. maybe we should wait until the new people who have been...
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Nov 29, 2012
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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Nov 30, 2012
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fiscal cliff is everywhere. thank you so much. brian shactman. >>> it is not a doung grade to a specific company but downgrade to the european stability mechanism. what is that? that is this big body through which europe borrows bonds. you can see it trading down against the dollar. it means it is more expensive for europe to borrow. not what we need right now. >>> up next, is the u.s. turning to france? a french minister says the u.s. is franchising industry. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they
fiscal cliff is everywhere. thank you so much. brian shactman. >>> it is not a doung grade to a specific company but downgrade to the european stability mechanism. what is that? that is this big body through which europe borrows bonds. you can see it trading down against the dollar. it means it is more expensive for europe to borrow. not what we need right now. >>> up next, is the u.s. turning to france? a french minister says the u.s. is franchising industry. [ male announcer...
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>> the major impact is looking at the fiscal cliff. any compromise close to that is going to give the market some upward swing. the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane sandy which could put our unemployment up to an 8% rate. >> all right. we'll be watching that. thanks very much to you both. we appreciate it. of course we'll be looking at this market and whether or not it loses the steam come the big rally today. ticktock, ticktock on the fiscal cliff. my thoughts on the story from timothy geithner. guess what, folks. i think we're going over the cliff. back in a moment. are system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where
>> the major impact is looking at the fiscal cliff. any compromise close to that is going to give the market some upward swing. the gop is under extreme pressure since president obama is definitely going to be seeing a wealthy tax added to it. on the economic news, little light tomorrow with initial claims at about 390,000, but the big story is really friday as we look to the jobs report. we believe that the effect of the payroll will be at 50,000 range due to the effect of hurricane...
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a gop counteroffer on the fiscal cliff is just being released. let's go to e-mailen j amon jav >> they say boehner is offering multi-step solution here, including what he's after is $800 billion in revenue through tax reform. that's obviously significantly less than the $1.6 trillion the president asked for his-n his initial offer last week. other details in this offer being reported by nbc. health savings of $600 billion. other mandatory savings of $300 billion. a revision to cpi of $200 billion. and further discretionary savings of $300 billion. guys, it looks like the horse trading is alive and well here in washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we do
a gop counteroffer on the fiscal cliff is just being released. let's go to e-mailen j amon jav >> they say boehner is offering multi-step solution here, including what he's after is $800 billion in revenue through tax reform. that's obviously significantly less than the $1.6 trillion the president asked for his-n his initial offer last week. other details in this offer being reported by nbc. health savings of $600 billion. other mandatory savings of $300 billion. a revision to cpi of $200...
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cliff and it's actually not a fiscal cliff, you hear a lot of liberals saying it's a slope. and the world is not going to end if we go over it. now, you won't finds too many people in the administration who agree with that. they worry about the psychology, the markets. and frankly just the drama associated with hitting that deadline and washington's inability to deal with this deadline. they worry about that. but the growing argument on the left, is that the white house shouldn't be so concerned. they should just call the republicans bluff. >> the democrats like to say that they got a mandate out of the last election. but do you think that's true? certainly, it's stronger in the senate for them, but republicans still control the house. >> on this question of letting tax rates for those at the top -- the lower tax rates expire for those at the top, there is a mandate. polling has been consistent for years, and we saw in the exit poll. 60% of voters overall, and more importantly, 80% of obama voters is more unified democratic coalition support letting the tax rates expire. tha
cliff and it's actually not a fiscal cliff, you hear a lot of liberals saying it's a slope. and the world is not going to end if we go over it. now, you won't finds too many people in the administration who agree with that. they worry about the psychology, the markets. and frankly just the drama associated with hitting that deadline and washington's inability to deal with this deadline. they worry about that. but the growing argument on the left, is that the white house shouldn't be so...
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it is the fiscal cliff. if we go over that, if all the tax cuts expire, if we have the sequester, if we don't extend payroll tax relief and unemployment benefits, we will end up at the end of 2013 with about over 3 million fewer jobs than we would have had otherwise. just imagine that. the fiscal cliff is going cost the economy in that order of magnitude, 3 million jobs. we should not, not, not go over that cliff. now -- >> by the same token, though, his point about -- and i don't want to make this about ed. the fact remains that the debt levels we have in this country in effect put a cap on growth right now. >> sure, sure, sure. i think that economists have been saying for years -- i have said repeatedly, economists on both sides of the aisle have said repeatedly what we need is a long-term plan for deficit reduction that begins to take effect when the economy is closer to its capacity. right now it's at least 6% below its capacity. the unemployment rate, 7.7, it should be like 5.7 at capacity. we should no
it is the fiscal cliff. if we go over that, if all the tax cuts expire, if we have the sequester, if we don't extend payroll tax relief and unemployment benefits, we will end up at the end of 2013 with about over 3 million fewer jobs than we would have had otherwise. just imagine that. the fiscal cliff is going cost the economy in that order of magnitude, 3 million jobs. we should not, not, not go over that cliff. now -- >> by the same token, though, his point about -- and i don't want to...
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back to the looming fiscal cliff. a deal to avoid the cliff remains uncertain as both sides continue to fight over tax code overhaul. we're joined at post 9 by virginia democratic senator gang of eight member senator mark warner. welcome. down to nyse. good to have you. >> thanks for having me. >> we read about dinners at your house. senators trying to work something out on the side. clearly it collides with headlines we got over the weekend. >> we all know what the frame of this deal has to be. you have to get additional revenues. you have to find a way to reform the entitlements and make additional cuts and get a net net of minimum of 4 trillion over ten years. that sounds like a big number but when you think about the size of our economy and size of government spending over a ten-year period, this is so much remarkably smaller than what's being asked of people throughout europe and people in the u.k. and throughout the world. my hope is we are going to get the deal done. >> we have three weeks or so to play with at
back to the looming fiscal cliff. a deal to avoid the cliff remains uncertain as both sides continue to fight over tax code overhaul. we're joined at post 9 by virginia democratic senator gang of eight member senator mark warner. welcome. down to nyse. good to have you. >> thanks for having me. >> we read about dinners at your house. senators trying to work something out on the side. clearly it collides with headlines we got over the weekend. >> we all know what the frame of...
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it's coming under pressure as part of a broader fiscal cliff deal. there's an article on the front page of today's "wall street journal" that highlights other ways people are trying to take advantage of the certainty over the final few weeks of 2012. some of the examples they cite are people said to be accelerating large medical expenses for this year and selling appreciated stock in some cases even prepaying their mortgages so they can make sure they get the mortgage interest deduction. and, bob, you think -- for a lot of people that won't matter? >> you have the amt. so if you take excessive deductions, they just disappear. which is one of the things about all of this about limiting these deductions which is kind of silly because the amt does it in the aggregate. and of course the amt is grabbing more and more people and it's one of the things they want to reform, but if they reform it, they have to raise taxes someplace else. so it's confusing. >> but that's the worst part of it, a simpler tax code that someone could actually understand and now ho
it's coming under pressure as part of a broader fiscal cliff deal. there's an article on the front page of today's "wall street journal" that highlights other ways people are trying to take advantage of the certainty over the final few weeks of 2012. some of the examples they cite are people said to be accelerating large medical expenses for this year and selling appreciated stock in some cases even prepaying their mortgages so they can make sure they get the mortgage interest...
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wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at is how can we kind of salvage a political victory out of this and stand for what we want? as you've had people on this program suggest, it may just be going over the fiscal cliff and not voting for a tax raise and then later negotiating taxes down. >> republicans will be blamed, polls show, if we go over the cliff. >> let's turn to jeb henserling, newly named chairman of the house committee and co-chair on the super committee. we heard will saying how do you salvage a political victory? the reality is if nothing is done, if you cannot get together, you go ove
wouldn't that bring an end to the fiscal cliff? we could wrap it up now and everybody could go on vacation? >> yes, but you're asking the wrong guy. i'm not in congress. >> but you're on set, will. come on, suck it up! >> i'm going to answer. i'm always happy to talk if you're going to put the camera on me. i can see reality in front of me and see that republicans have very little leverage to decide or impose their will on this outcome. that being said, what they're looking at...
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fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for quarterly. i think we saw in september really rapid adjustments by clipts clients. july and august were okay. september was tough. october was better than we thought. but it's very uncertain. they're finding it very difficult to predict consumer behavior in the short term. >> and as a result they're pulling back? >> as a result they're being very cautious. so while you have the fiddling this washington and we saw that in the summer of 2011, exactly the same situation -- >> do you blame this on the fiscal cliff in part? >> it's part of it. we talk about four gray swans, eurozone, middle east, china, hard/soft landing, definitely soft in our view, and last but not least what's going on
fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for quarterly. i think we saw in september really rapid adjustments by clipts clients. july and august were okay. september was...
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>> i contends the fiscal cliff will come to an agreement. it will be temporary in nature, kind of a year type of plan. i think the market has digested a bit that tax rates will go up. it's just a matter of how much spending are we going to cut to make this a market between the democrats and republicans. >> does monetary policy hurt or help the banks? keeping rates as low as they are, it's tough to make a buck the traditional way of lending and spending, right? >> i'm going to be a two-armed economist because i can't said on the other hand. there's two things that are very important. first of all, credit in commercial real estate is phenomenal. cap rates are really low. so the fact that rates are as low as they are has allowed commercial real estate not to fall into the abyss. if commercial real estate had to refi at high rates, we would have had another problem. the other problem is the fact margins are getting squeezed at these banks. credit quality is better. >> that's where the money comes from. >> yeah, fees. by the way, you can eat thes
>> i contends the fiscal cliff will come to an agreement. it will be temporary in nature, kind of a year type of plan. i think the market has digested a bit that tax rates will go up. it's just a matter of how much spending are we going to cut to make this a market between the democrats and republicans. >> does monetary policy hurt or help the banks? keeping rates as low as they are, it's tough to make a buck the traditional way of lending and spending, right? >> i'm going to...
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it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares bylackrock. call 1-800-ishes for a prosctus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforter
it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their...
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with all the talk of a fiscal cliff. record numbers and they have spent little that they have left on the ticks on the power ball. is this a tax on the poor? and the numbers point that out. it is a tax on the poor. for some people this is fun and games and i don't regret or be gruth anything to anybody. i think of the movie waiting for superman there were parts of that movie that i had an issue with. everyone who saw these kids kiting with the parents with the school meetings with the balls bouncing around hoping that their number would come up so that they could get a seat. when you see those balls bouncing around. again, when education becomes a lottery, we become a problem. what about black friday? is it healthy that americans rush out with 8% unemployment. by all of these deals and so on? is that healthy to be having this happen on friday it carried on over the weekend. it is. >> the short answer is when you have corporate greed and indifference and some bad decisios a lottery ticket isn't going to bail you out. we a
with all the talk of a fiscal cliff. record numbers and they have spent little that they have left on the ticks on the power ball. is this a tax on the poor? and the numbers point that out. it is a tax on the poor. for some people this is fun and games and i don't regret or be gruth anything to anybody. i think of the movie waiting for superman there were parts of that movie that i had an issue with. everyone who saw these kids kiting with the parents with the school meetings with the balls...
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. the issue isn't simply the negative result of going over the cliff, but it's also that business, consumers, everybody continues to hold back on the uncertainty. and we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. so i think a lot of what's going on is what you would expect to see in this negotiation, very public negotiation, which is not the best way to do it. i think at
fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end...
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we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that
we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our...
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here we are on the edge of this fiscal cliff. a lot of people say if we go over, we're going to see dividend taxes go to 44% next year. do i really want a special dividend now if in a few weeks or in a month it's going to be an issue for me because i've got a 44% tax bill? >> i think you buy dividend stocks here. based on everything i'm reading, it seems like the white house, the democrats are willing to give up the high-dividend tax rate to get something. it seems like that's the first thing they're going to be flexible on. maybe the rate goes 20 to 25%. i don't think you see high 40s. >> that's capital gains. 15% is dividends, right? >> dividends. >> where does that go? >> i think the dividend tax rate, some people will believe it will go up significantly. i think the white house, at least on dividend gains, is going to be very flexible. i don't think you see the rate higher than 25%. >> if that happens, i think you'll probably not see a flood of companies move those dividends forward. if it's 43%, you'll see a flood going from
here we are on the edge of this fiscal cliff. a lot of people say if we go over, we're going to see dividend taxes go to 44% next year. do i really want a special dividend now if in a few weeks or in a month it's going to be an issue for me because i've got a 44% tax bill? >> i think you buy dividend stocks here. based on everything i'm reading, it seems like the white house, the democrats are willing to give up the high-dividend tax rate to get something. it seems like that's the first...
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in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek another term. at some point there was a plan for him to forecast his future. the timing of doing it right now certainly caught people by surprise. but it also is a point where it tells you that he feels comfortable that the voice of objection on some things has been the seed has been filled here. he's got a mike lee of utah, rand paul of kentucky, who can fill some of the void that he would be leaving. it really is also, perhaps, good news for someone like mitch mcconnell, he can with his own reelections coming up not have the counterweight of jim demint's considerable presence within the chamber. so
in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek...
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cliff now and they're calling it the fiscal cliff because they don't want to e embrace either the tax increases or spending cuts and i think it's foolish to think this congress can come up with a better deal. >> you know what's interesting, to eric's point, there is a great irony in this that the democrats are saying we've got to raise taxes and the fiscal cliff does both. just not in the way anybody wants it, so if they can't do that, how are they going to find a way they can all agree on? >> the superfailed committee. this is a giant hatchet as opposed to a scalpel. >> it was designed to fail. >> i agree, but the real solution and real irony is going to be the ultimate deal's going to look like the obama boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could
cliff now and they're calling it the fiscal cliff because they don't want to e embrace either the tax increases or spending cuts and i think it's foolish to think this congress can come up with a better deal. >> you know what's interesting, to eric's point, there is a great irony in this that the democrats are saying we've got to raise taxes and the fiscal cliff does both. just not in the way anybody wants it, so if they can't do that, how are they going to find a way they can all agree...
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road for detroit. one state senator's plan to dissolve the city. he is your guest. happy friday, everybody. mandy will be back on monday. i'm brian sullivan. thank you very much for joining us. >>> stocks relatively in a holding pattern again all ahead of the fiscal cliff. we're not seeing big moves. people unwilling to take bets. we're going to get to bob pisani in just a minute. >>> but first we need to get to eamon javers with some breaking headlines from mitch mcconnell on the fiscal cliff. eamon? >> brian, we're getting a trial balloon here just within the past couple of m
. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road...
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what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor force, encouraged that they have a chance at getting a job. nonetheless, 146,000 jobs created. that's good for the president. gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many q
what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor...
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all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at 1416. with less than an hour to go in the trading week, another week without a deal to avoid going over the fiscal cliff. while today's positive jobs report did give markets a boost early on, it wasn't enough to get a significant rally going and to continue it on. so what's it going to take to get some conviction back in this market? >> that's in today's "closing bell" exchange. gentlemen, great to have you joining us here on "closing bell." i think bill pretty much cede it. what is it going to take to get conviction back in this market? i kind o
all to keep us from going over the fiscal cliff. just in case, though, we've got some experts on happened to help you protect your money. here's how we stand right now, though. it's been a generally positive day for some of the blue chip averages. the dow among them. up 57 points right now, near the highs of the session at 13,003 and change. the nasdaq continues lower. you can blame apple. technology suffering as a result today, down 12 points right now at 2977. the s&p is up 2.25 points at...
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Dec 4, 2012
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. >>> the market does remain laser focused on the fiscal cliff, with just 27 days to go and less for the official congressional session. president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our colleagues at bloomberg and said a couple of things. first of all, his priorities now trying to break republicans in their resistance to raising the top rate by some amount, a stance republicans have been consistent on. more revenue, question, not higher rates, he is insisting on that as the price of negotiating with him. and he said the reason for that is if you take all of what can be raised in revenue from deductions that is politically realistic, not trying to take away the mortgage deduction in the face of tremendous resistance from consumers and the housing industry, you can only raise about 300 to $40
. >>> the market does remain laser focused on the fiscal cliff, with just 27 days to go and less for the official congressional session. president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our...
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>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were on the ballot in the same election? strom thurmond, of course, and the longest serving junior senator perhaps in the history of america, fritz hollings. senator thurmond won re-election and hollings, the form earp governor at the time, won a special to fill a seat left empty when johnston died. we'll be right back. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's no
>> no one wants to go over the fiscal cliff. worse would be for the president to sign a bad bill. >> all right. alan krueger, chairman of the president's counscil on economi advisers. mr. krueger, nice to see you that month. i'll see you next month, i promise. >> thank you, chuck. >>> trivia time, jim demint's decision to step down 0 means south carolina will have two seats on the ballot in 2014. who was elected the last time both of south carolina's senate seats were...
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Dec 5, 2012
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first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
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Nov 29, 2012
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from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there that has not yet done the special dividend is mastercard. doc was talking about it before reaching new levels today. i think mastercard is a name that you could focus on. >> when you own a stock and they announce a special dividend it is great but the problem with chasing them is once the thing goes "x" dividend, typically the price will adjust. it is not necessarily a great short term trade. i'd focus more on consistent dividend paying as opposed to special dividend. >> google's on my list. $50 billion in cash. at least one-third of that onshore. th
from falling off the fiscal cliff? we'll get the worst case scenario when we come back. >>> welcome back. kbw declaring a special $2 a share dividend becoming the latest company in a growing list so far. 174 companies have announced special dividends in november according to s&p. that's a new record. who are some potential issuers on deck? >> goldman sachs back in september put out a note that i think really got this conversation going. the one name they mentioned on there...
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but how about the fiscal cliff? we're going to show you the real impact on americans' wallets and some stats to make you go -- hmm. apple slammed but the dow doesn't care. the indexes are higher as some break-away republicans are giving investors hope that a deal will get done. but will apple win the online music battle? >>> why pandora is being boxed out today. >>>ed unintended consequences of all these one-time dividends. mandy's off today so let's welcome in courtney reagan. >> thank you very much, brian. >>> blue chips are ruling the roost on wall street today. the dow bouncing back from morning loss to post triple digit gains. travelers, caterpillar and chevron accounting for a big chunk of that advance. >>> apple having its worst day in four months. pushing the nasdaq into negative territory. >>> bob, apple is lower than 4% -- we're going to toss it back to brian. >> courtney, hold your horses. >>> but first we've got to get a big development on the fiscal cliff negotiations. at this point we are still just a
but how about the fiscal cliff? we're going to show you the real impact on americans' wallets and some stats to make you go -- hmm. apple slammed but the dow doesn't care. the indexes are higher as some break-away republicans are giving investors hope that a deal will get done. but will apple win the online music battle? >>> why pandora is being boxed out today. >>>ed unintended consequences of all these one-time dividends. mandy's off today so let's welcome in courtney...
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following the latest on the fiscal cliff fiasco. congress is facing the issue of the fiscal cliff and other tough economic decisions. why did just today republican leadership cancel tomorrow's session allowing the house to leave town with three days left on the legislative calendar? i'll talk with two democratic members of congress just and allyson schwartz and john yarmuth. i'll talk to roger simon. he has a scathing new column out on republicans. roger says, quote, listen to this, republicans have found their stab in the back. it was the minorities what done them in. that's what he wrote. we'll ask him about it. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car repla
following the latest on the fiscal cliff fiasco. congress is facing the issue of the fiscal cliff and other tough economic decisions. why did just today republican leadership cancel tomorrow's session allowing the house to leave town with three days left on the legislative calendar? i'll talk with two democratic members of congress just and allyson schwartz and john yarmuth. i'll talk to roger simon. he has a scathing new column out on republicans. roger says, quote, listen to this, republicans...